To turn payment history into predictive information, illion has developed the Late Payment Score. This predicts a company's future payment performance and indicates how quickly your customer is likely to pay you.
The Risk of Late Payment report includes illion's Late Payment Score, identification data and company characteristics. The Late Payment Score is driven by illion’s Trade Bureau of over 15 million recent trade experiences across all companies and businesses. This is Australia & New Zealand's largest and most comprehensive database of trade payment information.
Late payment risk score (company / industry)
Company identification
Business overview
Adverse information
Directors
Shareholders
Past enquiries
Historic extract provides full historic details of a companies registration and directors details.
The report enables you to understand the company's payment habits, and provides the probability that the company will pay a trade account in a "severely delinquent" manner (90+ days beyond terms) within the next 12 months through the Late Payment Score.
Will they pay me on time?
Was the director previously involved in a failed business?
Which legal entity is operating the business and who is responsible for payment of accounts?
Has there been any litigation activity against this company and/or its directors?
Are they operating within a high credit risk industry?